First published in , the best-selling India Unbound has been translated into several languages 'Gurcharan Das has written a paean to liberalization (India. India unbound. by: Das, Gurcharan. Publication date: For print-disabled users. Borrow this book to access EPUB and PDF files. Read online or Download India Unbound by Gurcharan Das (Full PDF ebook with essay, research paper.
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India Unbound by Gurcharan fatyfivythe.tk support the author by downloading the book if you can afford it and like it. India Unbound. Gurcharan Das. Penguin Books, Introduction. One of the intriguing questions of history is why India failed to industrialise as rapidly as. India unbound by Gurcharan Das; 5 editions; First published in Borrow · DAISY for print-disabled Download ebook for print-disabled (DAISY).
Even though fine on paper, Das thinks that it actually ended up making matters worse. However, everything changed during the s. Communism fell, and reforms made Indian markets freer and more open to the world.
Becoming the powerhouse, it was always supposed to have been. India Got Its Independence in 2. Das, however, sees it as merely a beginning. The Bombay Plan, written by eight of the leading Indian industrialists, has been criticized by both socialists for being too capitalistic, and by capitalists for being too socialistic.
Das is from the latter. However, he does think that India profited from the fact that it had democracy before it had capitalism. The problem: the loathed caste system which contributes to people living isolated lives.
Movement up the hierarchical caste ladder is practically impossible. These people must be put into productive work at lowest capital cost.
But it is a great tragedy that no one paid attention to their strategy. It is shocking to know that Tatas made proposals between and to start new business or expand old ones and all of them ended in waste baskets of bureaucrats. Thus licensing system became more damaging.
Commerce is the art of exploiting the need or desire someone has for something. Here, author shares his experience of his first job. His job was to learn to market Vicks in Indian market. Since he knew nothing about business, he asked the most elementary questions. He wanted to know why things were done the way they were. No one had questioned the basic system. He merely tried to learn by questioning but the sales director gets angry and complains to the boss.
The Social and Economic Revolution from Independence to the Global Information Age
Author directly asks whether it is wrong to ask questions. Boss says that it was, as it showed a lack of respect. Author felt defeated- where it was a funny world where one couldnt ask questions. Later on, his job also taught him that persuading the customer to download a product is ultimately what leads to business success, then it is logical that company must spend its time and energy to enhance customer satisfaction and employ outside suppliers to do everything else.
By one of his experiences, he acquired a new respect for his work. By illustrations or examples of his own experiences, author has tried to depict the advantages of a competitive market compared with monopoly. Monopoly market as in railways their employees would never place the customer in the centre. He has also learnt that it is better to build out strength than to try and correct a weakness.
It is wiser to listen to the market than to try to impose your will on it. Also take your employees closer to your customers.
This might help to give more meaning to their work. They would understand why they were in business and the company can get some good suggestions in return. We also ought to be transparent with the union and employees sharing our troubles and our triumphs.
Author questions whether caste has suppressed our capacity to grow and develop. Taking the case of reservation and its impact, author says that its original aim was to accelerate rise of backward castes.
India Unbound Summary
It is now a sectarian tool used by backward castes to demand a share of the patronage. Caste rigidities may also be responsible for our lack of cohesiveness and inadequate technological innovation-both of which might have contributed to our weak performance in the industrial economy.
On the other hand, our Brahminical proficiency may be a reason for our emerging success in the new information economy. Indira Gandhis rule suppressed economic growth and destroyed chances for the poor though Garibi Hatao was her winning slogan during elections. Author has clearly pointed out the reasons: the terms of trade had changed in favour of agriculture after the Green revolution. Growth of inequalities, low productivity of investments, low capital output ratio, lack of capital, poor infrastructure, and massive control over private sector.
JRD used to urge Mrs. Gandhi to give more autonomy and accountability to the public sector. Author also describes the success story of Ambani- belonging to zero club who started with nothing.
Reliance story is an inspiration to many young people across India. Dhirubhais story is an Indian morality play. It is a classic rags-to- riches story. About the ascent of a simple village boy who created against all odds a globally competitive enterprise to become the most powerful businessman of modern India. At another level, it highlights the dilemma passed by a decaying and corrupt system.
The new Industrial Policy of made the author very excited. Major achievements were witnessed after that. Central Governments fiscal deficit came down, foreign exchange reserve shot up, virtually abolished industrial licensing, industries released from the control of MRTP Act, dismantling of complex import control regime, raw materials, components, capital goods could enter virtually free of restrictions.
Meanwhile, there was much left undone. Labor reforms were not introduced. Agriculture or insurance was not opened.
Author tried to make some observations about the changing India from stray street encounters over the past 5 years. Reforms are creating a revolution in ideas and changing the attitudes of the people. The author encounters it frequently in the hopes of the young, in the way people talk, in the way mothers think about their daughters.
India Unbound:: Gurucharan Das
It is a new way of looking at the world. One day and sooner than we perhaps expect, the mental revolution should lead to a physical one. After independence, new government took over the princely states, abolished zamindari and decimated the old money. With reforms in , moneymaking again became respectable and old business houses suddenly acquired the esteem and power that had eluded them for fifty years.
They finally became old money. Later on, manner in which Indian managers run their business drastically changed.
Industrial liberalization paved way for business expansion or creation without government approval. Hence, businessmen invested heavily in new capacity. Thus, Indian markets became progressively competitive after the reforms.
The most striking feature of contemporary India is the rise of a confident new middle class- it is full of energy and drive and it is making things happen. The new class is street smart. The new middle class is based on money, drive and an ability to get things done. Author feels that the young are no less virtuous today. Nor is the new middle class any greedier. The chief difference is that there is hypocrisy and more self confidence. Self interest has always been the basic motivator of individuals and classes.
Author opines that our continuing inability to distinguish between modern and the western is surely the cause of some of our grief. Author grew up with wrong conception of the modern. To his aunts, it was a derogatory word meaning someone westernised with false and superficial values compared to our traditional, God-fearing ways.
Later on, he discovered that modern was no necessarily something negative or western.
Economics became industrialized, nation states came into being, social democracy arose and world saw the beginnings of mass society.
For lack of a better word, they called it modernity. Moreover, they linked these changes to the broad acceptance of a set of values and institutions which they termed modern. There are only 2 nations where democracy preceded capitalism- the US and India.
The US is the oldest modern nation and India is one of the oldest civilizations.
Democracy is easier to understand more difficult to achieve because exchange is natural to humans. Capitalism is easier to achieve but more difficult to understand. But there is a positive relation between these two. In spite of this, why does India remain half reformed?
Collective action is a problem in all democracies. When in power, leaders find it difficult to push through programs for when opposition mounts, they find few supporters and tend to take the easy way out, which is not to act at all. For this reason, the Indian State is sometimes called a Soft state. A question arises whether capitalism and globalization succeed in establishing a comfortable place for themselves in India?
Answer depends on their ability to deliver prosperity broadly, depends on leaders in government and in business to champion the classic liberal premises of free trade and competition. A successful nation has 3 attributes: politically it is free and democratic, economically it is prosperous and equitable and socially it is peaceful and cohesive.
India enters the twenty first century with considerable strengths in all 3 areas. Transformation of world from industrial to a knowledge economy means that jobs, experts and economic activity with highest value added will come from knowledge sectors of the economy and countries that participate in these sectors will be rewarded with a growing and higher standard of living-sustained success in knowledge economy will obviously require greater attention to education- both expansion of primary education and improving the quality of higher education.
India enters the twenty first century on the brink of biggest transformation in its history. The flood of information will wash every village will force transparency in the government and lead eventually to prosperity. The theme of this book is how a rich country became poor and will be rich again. Creative dynamics of technology and capitalism dramatically shortens the time it takes for a nation to develop.
Our economy is increasingly powered by knowledge sectors of economy. The new India is increasingly one of competition and decentralization. Thanks to our intellectual capital and opportunity opened by technology and globalization. We face the very real prospect of conquering the pervasive poverty that has characterized the lives of the majority of the people. We have good reasons to expect that the lives of the majority of Indians will be freer and more prosperous than their parents and grandparents lives.
Never before in recorded history have so many people been in a position to rise so quickly. The book India Unbound is about the past, the present and a certain vision of the future. It is indeed an insightful guide to a rapidly changing nation.Gandhi to give more autonomy and accountability to the public sector. Something tremendous is happening in India, and Das, with his keen eye and often elegant prose, has his finger firmly on the pulse of the transformation. Like this summary? On the other hand, our Brahminical proficiency may be a reason for our emerging success in the new information economy.
Author questions about why we have not completely transformed our society. It was based on socialist doctrines but strived for some sort of a China-like mixed economy. We never learned about virtues of entrepreneurship and competition and we paid dearly for them. Capitalism is easier to achieve but more difficult to understand. Six, and perhaps the most important, it ignored the education of half of its children especially girls. It is shocking to know that Tatas made proposals between and to start new business or expand old ones and all of them ended in waste baskets of bureaucrats.
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